TAB Bank’s Leasing Division Provides Blue Bridge With $12 Million
TAB Bank continues to expand its footprint in the equipment leasing industry. The bank announced a commitment of $12 million to fund equipment leases originated by Blue Bridge Financial. The facility is subject to certain negotiated terms and conditions and is a one-year, renewable term.
Headquartered in Buffalo, NY with offices in Las Vegas, Blue Bridge is a national provider of equipment finance loans and solutions to small businesses and financing institutions.
Mark DeBacker, Blue Bridge CEO, noted, “We are pleased with our relationship with TAB Bank and the capacity that this facility will provide for us to expand our small business lending programs to more qualified small business borrowers.” Brian Gallo, president and chief credit officer, added, “TAB Bank has made a clear commitment to provide financing to small businesses and we look forward to growing our business with their support.”
TAB Bank’s recently added VP of Equipment Leasing, Mike Coon, put together the transaction. Coon commented, “Blue Bridge has a great reputation in the equipment leasing industry and we are pleased to have this relationship as part of TAB’s growing assets.”
TAB Bank provides funding solutions to specialty finance and leasing companies. TAB also provides financing for transportation and non-transportation companies in all stages of business life cycles during any economic environment.